Molson Coors Brewing Co has declared a regular quarterly dividend of US$0.32 per share on common stock.

The dividend is payable on 15 March to shareholders registered as of 5 March, the Canada-based brewer said yesterday (23 February). However, Molson Coors Canada will pay separate dividend in Canadian dollars, of CD$0.32 per common share.

Last week, Molson Coors reported a 4% drop in net profits for 2011, to US$676.3m. Net sales increased by 8% on 2010 to $3.5bn.